There's been a quiet revolution in central banking going on for several years now. It's an ironic turn because the goal of this shift has been to make monetary policies more transparent and open. I'm not sure anyone has really noticed, not yet, and the reasons for this missing appreciation are profound.
The Federal Reserve, for example, has only been holding press conferences for a few years. Though when they started back in April 2011 it was given mainstream attention, I'm not sure most people could tell the difference. It's not as if Ben Bernanke was some obscure figure before; nor had his predecessors been back to Paul Volcker. Alan Greenspan completed four terms as Fed Chair being constantly on TV.
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